CREDIT SUISSE FIRST BOSTON | PAGE 1 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2004-3 Owner Trust
04/01/04 through 03/31/05
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I. ORIGINAL DEAL PARAMETER INPUTS | ![]() | |||||||||
(A) Total Portfolio Balance | ![]() | $1,043,550,894.52 | ![]() | |||||||
(B) Total Securities Balance | ![]() | $1,043,550,894.52 | ![]() | |||||||
(C) Class A-1 Notes | ![]() | |||||||||
(i) Class A-1 Notes Balance | ![]() | $234,000,000.00 | ![]() | |||||||
(ii) Class A-1 Notes Percentage (C(i)/B) | ![]() | 22.42% | ![]() | |||||||
(iii) Class A-1 Notes Rate | ![]() | 1.14000% | ![]() | |||||||
(iv) Class A-1 Notes Accrual Basis | ![]() | Actual/360 | ![]() | |||||||
(D) Class A-2 Notes | ![]() | |||||||||
(i) Class A-2 Notes Balance | ![]() | $250,000,000.00 | ![]() | |||||||
(ii) Class A-2 Notes Percentage (D(i)/B) | ![]() | 23.96% | ![]() | |||||||
(iii) Class A-2 Notes Rate | ![]() | 1.570% | ![]() | |||||||
(iv) Class A-2 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(E) Class A-3 Notes | ![]() | |||||||||
(i) Class A-3 Notes Balance | ![]() | $305,000,000.00 | ![]() | |||||||
(ii) Class A-3 Notes Percentage (E(i)/B) | ![]() | 29.23% | ![]() | |||||||
(iii) Class A-3 Notes Rate | ![]() | 2.300% | ![]() | |||||||
(iv) Class A-3 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(F) Class A-4 Notes | ![]() | |||||||||
(i) Class A-4 Notes Balance | ![]() | $225,853,000.00 | ![]() | |||||||
(ii) Class A-4 Notes Percentage (F(i)/B) | ![]() | 21.64% | ![]() | |||||||
(iii) Class A-4 Notes Rate | ![]() | 2.960% | ![]() | |||||||
(iv) Class A-4 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(G) Certificates | ![]() | |||||||||
(i) Certificates Balance | ![]() | $28,697,894.52 | ![]() | |||||||
(ii) Certificates Percentage (G(i)/B) | ![]() | 2.75% | ![]() | |||||||
(iii) Certificates Rate | ![]() | 2.960% | ![]() | |||||||
(iv) Certificates Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(H) Servicing Fee Rate | ![]() | 1.00% | ![]() | |||||||
(I) Portfolio Summary | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 4.34% | ![]() | |||||||
(ii) Weighted Average Original Maturity (WAOM) | ![]() | 58.62 | ![]() | months | ||||||
(iii) Weighted Average Remaining Maturity (WAM) | ![]() | 53.33 | ![]() | months | ||||||
(iv) Number of Receivables | ![]() | 58,492 | ![]() | |||||||
(J) Reserve Fund | ![]() | |||||||||
(i) Reserve Account Initial Deposit Percentage | ![]() | 0.50% | ![]() | |||||||
(ii) Reserve Account Initial Deposit | ![]() | $5,217,754.47 | ![]() | |||||||
(iii) Specified Reserve Account Percentage | ![]() | 0.75% | ![]() | |||||||
(iv) Specified Reserve Account Balance | ![]() | $7,826,631.71 | ![]() | |||||||
(K) Yield Supplement Account Deposit | ![]() | $6,003,156.34 | ![]() | |||||||
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II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS | ![]() | |||||||||
(A) Total Portfolio Balance | ![]() | $1,562,279,257.07 | ![]() | |||||||
(B) Total Securities Balance | ![]() | $1,562,279,257.07 | ![]() | |||||||
(C) Cumulative Note and Certificate Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(D) Class A-1 Notes | ![]() | |||||||||
(i) Class A-1 Notes Balance | ![]() | $370,000,000.00 | ![]() | |||||||
(ii) Class A-1 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-1 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-1 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(E) Class A-2 Notes | ![]() | |||||||||
(i) Class A-2 Notes Balance | ![]() | $420,000,000.00 | ![]() | |||||||
(ii) Class A-2 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-2 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-2 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(F) Class A-3 Notes | ![]() | |||||||||
(i) Class A-3 Notes Balance | ![]() | $475,000,000.00 | ![]() | |||||||
(ii) Class A-3 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-3 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-3 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(G) Class A-4 Notes | ![]() | |||||||||
(i) Class A-4 Notes Balance | ![]() | $246,505,000.00 | ![]() | |||||||
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(ii) Class A-4 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-4 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-4 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(H) Certificates | ![]() | |||||||||
(i) Certificates Balance | ![]() | $50,774,257.07 | ![]() | |||||||
(ii) Certificates Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Certificates Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Certificates Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(I) Servicing Fee | ![]() | |||||||||
(i) Servicing Fee Shortfall | ![]() | $0.00 | ![]() | |||||||
(J) End of Prior Month Account Balances | ![]() | |||||||||
(i) Reserve Account | ![]() | $7,811,396.29 | ![]() | |||||||
(ii) Yield Supplement Account | ![]() | $6,413,601.55 | ![]() | |||||||
(iii) Payahead Account | ![]() | $0.00 | ![]() | |||||||
(iv) Advances Outstanding | ![]() | $0.00 | ![]() | |||||||
(K) Portfolio Summary as of End of Prior Year | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.27% | ![]() | |||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 51.28 | ![]() | months | ||||||
(iii) Number of Receivables | ![]() | 103,811 | ![]() | |||||||
(L) Note and Certificate Percentages | ![]() | |||||||||
(i) Note Percentage | ![]() | 100.00% | ![]() | |||||||
(ii) Certificate Percentage | ![]() | 0.00% | ![]() | |||||||
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CREDIT SUISSE FIRST BOSTON | PAGE 2 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2004-3 Owner Trust
04/01/04 through 03/31/05
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III. INPUTS FROM THE MAINFRAME | ![]() | |||||||||
(A) Precomputed Contracts Principal | ![]() | ![]() | ||||||||
(i) Scheduled Principal Collections | ![]() | $0.00 | ![]() | |||||||
(ii) Prepayments in Full | ![]() | $0.00 | ![]() | |||||||
(iii) Prepayments in Full due to Repurchases | ![]() | $0.00 | ![]() | |||||||
(B) Precomputed Contracts Total Collections | ![]() | $0.00 | ![]() | |||||||
(C) Precomputed Interest Receivables Interest (B-A((i)+(ii)+(iii))) | ![]() | $0.00 | ![]() | |||||||
(D) Simple Interest Receivables Principal | ![]() | |||||||||
(i) Principal Collections | ![]() | $193,375,363.15 | ![]() | |||||||
(ii) Prepayments in Full | ![]() | $88,599,009.57 | ![]() | |||||||
(iii) Repurchased Receivables Related to Principal | ![]() | $14,500.35 | ![]() | |||||||
(E) Simple Interest Receivables Interest | ![]() | |||||||||
(i) Simple Interest Collections | ![]() | $38,059,813.90 | ![]() | |||||||
(F) Payment Advance for Precomputes | ![]() | |||||||||
(i) Reimbursement of Previous Advances | ![]() | $0.00 | ![]() | |||||||
(ii) Current Advance Amount | ![]() | $0.00 | ![]() | |||||||
(G) Interest Advance for simple Interest - Net | ![]() | $393,264.26 | ![]() | |||||||
(H) Payahead Account | ![]() | |||||||||
(i) Payments Applied | ![]() | $0.00 | ![]() | |||||||
(ii) Additional Payaheads | ![]() | $0.00 | ![]() | |||||||
(I) Portfolio Summary as of End of Month | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 4.20% | ![]() | |||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 37.70 | ![]() | months | ||||||
(iii) Remaining Number of Receivables | ![]() | 47,967 | ![]() | |||||||
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(J) Delinquent Receivables | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(i) 30-59 Days Delinquent | ![]() | 1,010 | ![]() | 2.11 | % | ![]() | $12,618,203.69 | ![]() | 0.99 | % | ||||||||
(ii) 60-89 Days Delinquent | ![]() | 156 | ![]() | 0.33 | % | ![]() | $1,979,517.39 | ![]() | 0.16 | % | ||||||||
(ii) 90 Days or More Delinquent | ![]() | 21 | ![]() | 0.04 | % | ![]() | $313,770.66 | ![]() | 0.02 | % | ||||||||
(K) Vehicles Repossessed During Collection Period | ![]() | 32 | ![]() | 0.07 | % | ![]() | $413,921.49 | ![]() | 0.03 | % | ||||||||
(L) Total Accumulated Repossessed Vehicles in Inventory | ![]() | 47 | ![]() | 0.10 | % | ![]() | $616,334.52 | ![]() | 0.05 | % | ||||||||
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IV. INPUTS DERIVED FROM OTHER SOURCES | ![]() | |||||
(A) Collection Account Investment Income | ![]() | $0.00 | ||||
(B) Reserve Account Investment Income | ![]() | $71,371.05 | ||||
(C) Yield Supplement Account Investment Income | ![]() | $52,267.08 | ||||
(D) Trust Fees Expense | ![]() | $9,500.00 | ||||
(E) Aggregate Net Losses for Collection Period | ![]() | $2,091,868.13 | ||||
(F) Liquidated Receivables Information | ![]() | |||||
(i) Gross Principal Balance on Liquidated Receivables | ![]() | $3,943,843.67 | ||||
(ii) Liquidation Proceeds | ![]() | $1,732,251.35 | ||||
(ii) Recoveries from Prior Month Charge Offs | ![]() | $119,724.19 | ||||
(G) Days in Accrual Period | ![]() | 174 | ||||
(H) Deal age | ![]() | 31 | ||||
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COLLECTIONS
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V. INTEREST COLLECTIONS | ![]() | |||||
(A) Total Interest Collections (III(C+E(i)+G) | ![]() | $38,453,078.16 | ||||
VI. PRINCIPAL COLLECTIONS | ![]() | |||||
(A) Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii))) | ![]() | $281,974,372.72 | ||||
(B) Liquidation Proceeds (IV(H(i))) | ![]() | $1,732,251.35 | ||||
(C) Repurchased Loan Proceeds Related to Principal (III(A(iii)+D(iii))) | ![]() | $14,500.35 | ||||
(D) Recoveries from Prior Charge Offs (IV(H(ii))) | ![]() | $119,724.19 | ||||
(E) Total Principal Collections (A+B+C+D) | ![]() | 283,840,848.61 | ||||
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VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(C)+VI(E)) | ![]() | 322,293,926.77 | ||||
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VIII. YIELD SUPPLEMENT DEPOSIT | ![]() | $1,628,150.23 | ||||
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IX. TOTAL AVAILABLE AMOUNT (VII+VIII) | ![]() | 323,922,077.00 | ||||
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DISTRIBUTIONS | ||||||
X. FEE DISTRIBUTIONS | ![]() | |||||
(A) Servicing Fee | ![]() | |||||
(i) Servicing Fee Due (I(H)/12)(II(B))+(II(H)(i)) | ![]() | $7,223,352.64 | ||||
(ii) Servicing Fee Paid | ![]() | 7,223,352.64 | ||||
(iii) Servicing Fee Shortfall | ![]() | $0.00 | ||||
(B) Reserve Account Investment Income (IV(B)) | ![]() | 71,371.05 | ||||
(C) Yield Supplement Account Investment Income (IV(C)) | ![]() | 52,267.08 | ||||
(D) Trust Fees Expense (IV(D)) | ![]() | 9,500.00 | ||||
XI. DISTRIBUTIONS TO NOTEHOLDERS | ![]() | |||||
(A) Interest | ![]() | |||||
(i) Class A-1 Notes | ![]() | |||||
(a) Class A-1 Notes Interest Due | ![]() | $2,511,780.08 | ||||
(b) Class A-1 Notes Interest Paid | ![]() | 2,511,780.08 | ||||
(c) Class A-1 Notes Interest Shortfall | ![]() | $0.00 | ||||
(ii) Class A-2 Notes | ![]() | |||||
(a) Class A-2 Notes Interest Due | ![]() | $4,976,533.33 | ||||
(b) Class A-2 Notes Interest Paid | ![]() | 4,976,533.33 | ||||
(c) Class A-2 Notes Interest Shortfall | ![]() | $0.00 | ||||
(iii) Class A-3 Notes | ![]() | |||||
(a) Class A-3 Notes Interest Due | ![]() | $6,604,083.33 | ||||
(b) Class A-3 Notes Interest Paid | ![]() | 6,604,083.33 | ||||
(c) Class A-3 Notes Interest Shortfall | ![]() | $0.00 | ||||
(iv) Class A-4 Notes | ![]() | |||||
(a) Class A-4 Notes Interest Due | ![]() | $3,863,007.23 | ||||
(b) Class A-4 Notes Interest Paid | ![]() | 3,863,007.23 | ||||
(c) Class A-4 Notes Interest Shortfall | ![]() | $0.00 | ||||
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CREDIT SUISSE FIRST BOSTON | PAGE 3 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2004-3 Owner Trust
04/01/04 through 03/31/05
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(v) Total Note Interest | ![]() | |||||
(a) Total Note Interest Due | ![]() | $17,955,403.97 | ||||
(b) Total Note Interest Paid | ![]() | 17,955,403.97 | ||||
(c) Total Note Interest Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund Withdrawn for Note Interest | ![]() | $0.00 | ||||
Amount available for distributions after Fees & Interest (VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) | ![]() | 298,733,820.39 | ||||
(B) Principal | ![]() | |||||
(i) Noteholders' Principal Distribution Amounts | ![]() | $285,932,716.74 | ||||
(ii) Class A-1 Notes Principal | ![]() | |||||
(a) Class A-1 Notes Principal Due | ![]() | 285,932,716.74 | ||||
(b) Class A-1 Notes Principal Paid | ![]() | 285,932,716.74 | ||||
(c) Class A-1 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(iii) Class A-2 Notes Principal | ![]() | |||||
(a) Class A-2 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-2 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-2 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(iv) Class A-3 Notes Principal | ![]() | |||||
(a) Class A-3 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-3 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-3 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(v) Class A-4 Notes Principal | ![]() | |||||
(a) Class A-4 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-4 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-4 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(vi) Total Notes Principal | ![]() | |||||
(a) Total Notes Principal Due | ![]() | $285,932,716.74 | ||||
(b) Total Notes Principal Paid | ![]() | 285,932,716.74 | ||||
(c) Total Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
XII. RESERVE FUND DEPOSIT | ![]() | |||||
Amount available for deposit into reserve account | ![]() | $12,801,103.65 | ||||
Amount deposited into reserve account | ![]() | 15,235.42 | ||||
Excess Amount Released from Reserve Account | ![]() | 0.00 | ||||
Excess funds available to Certificateholders | ![]() | 12,785,868.23 | ||||
XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS | ![]() | |||||
(A) Interest | ![]() | |||||
(i) Certificate Monthly Interest Due | ![]() | $795,689.03 | ||||
(ii) Certificate Interest Shortfall Beginning Balance | ![]() | $0.00 | ||||
(iii) Total Certificate Interest Due | ![]() | $795,689.03 | ||||
(iv) Certificate Interest Paid | ![]() | 795,689.03 | ||||
(v) Certificate Interest Shortfall Ending Balance | ![]() | $0.00 | ||||
(B) Principal | ![]() | |||||
(i) Certificate Monthly Principal Due | ![]() | $0.00 | ||||
(ii) Certificate Principal Shortfall Beginning Balance | ![]() | $0.00 | ||||
(iii) Total Certificate Principal Due | ![]() | $0.00 | ||||
(iv) Certificate Principal Paid | ![]() | 0.00 | ||||
(v) Certificate Principal Shortfall Ending Balance | ![]() | $0.00 | ||||
(C) Release to Seller | ![]() | $11,990,179.20 | ||||
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DISTRIBUTIONS SUMMARY | ![]() | ||||||
(A) Total Collections | ![]() | $323,922,077.00 | |||||
(B) Service Fee | ![]() | $7,223,352.64 | |||||
(C) Trustee Fees | ![]() | 9,500.00 | |||||
(D) Class A1 Amount | ![]() | $288,444,496.82 | |||||
(E) Class A2 Amount | ![]() | $4,976,533.33 | |||||
(F) Class A3 Amount | ![]() | $6,604,083.33 | |||||
(G) Class A4 Amount | ![]() | $3,863,007.23 | |||||
(H) Amount Deposited into Reserve Account | ![]() | $15,235.42 | |||||
(I) Certificateholders | ![]() | $795,689.03 | |||||
(J) Release to seller | ![]() | $11,990,179.20 | |||||
(K) Total amount distributed | ![]() | $323,922,077.00 | |||||
(L) Amount of Draw from Reserve Account | ![]() | 0.00 | |||||
(M) Excess Amount Released from Reserve Account | ![]() | 0.00 | |||||
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PORTFOLIO AND SECURITY SUMMARY | ![]() | ||||||||||||||||||
![]() | Beginning of Period | ![]() | ![]() | End of Period | ![]() | ||||||||||||||
XIV. POOL BALANCES AND PORTFOLIO INFORMATION | ![]() | ![]() | ![]() | ||||||||||||||||
(A) Balances and Principal Factors | ![]() | ![]() | ![]() | ||||||||||||||||
(i) Aggregate Balance of Notes | ![]() | $1,511,505,000.00 | ![]() | ![]() | $1,225,572,283.26 | ![]() | |||||||||||||
(ii) Note Pool Factor | ![]() | 1.4893832 | ![]() | ![]() | 1.2076353 | ![]() | |||||||||||||
(iii) Class A-1 Notes Balance | ![]() | 370,000,000.00 | ![]() | ![]() | 84,067,283.26 | ![]() | |||||||||||||
(iv) Class A-1 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 0.3592619 | ![]() | |||||||||||||
(v) Class A-2 Notes Balance | ![]() | 420,000,000.00 | ![]() | ![]() | 420,000,000.00 | ![]() | |||||||||||||
(vi) Class A-2 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.6800000 | ![]() | |||||||||||||
(vii) Class A-3 Notes Balance | ![]() | 475,000,000.00 | ![]() | ![]() | 475,000,000.00 | ![]() | |||||||||||||
(viii) Class A-3 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.5573770 | ![]() | |||||||||||||
(ix) Class A-4 Notes Balance | ![]() | 246,505,000.00 | ![]() | ![]() | 246,505,000.00 | ![]() | |||||||||||||
(x) Class A-4 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.0914400 | ![]() | |||||||||||||
(xi) Certificates Balance | ![]() | 50,774,257.07 | ![]() | ![]() | 50,774,257.07 | ![]() | |||||||||||||
(xii) Certificates Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.7692677 | ![]() | |||||||||||||
(xiii) Total Principal Balance of Notes and Certificates | ![]() | 1,562,279,257.07 | ![]() | ![]() | 1,276,346,540.33 | ![]() | |||||||||||||
(B) Portfolio Information | ![]() | ||||||||||||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.27% | ![]() | ![]() | 4.20% | ![]() | |||||||||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 51.28 | ![]() | months | ![]() | 37.70 | ![]() | months | |||||||||||
(iii) Remaining Number of Receivables | ![]() | 103,811 | ![]() | ![]() | 47,967 | ![]() | |||||||||||||
(iv) Portfolio Receivable Balance | ![]() | $1,562,279,257.07 | ![]() | ![]() | $1,276,346,540.33 | ![]() | |||||||||||||
(C) Outstanding Advance Amount | ![]() | $0.00 | ![]() | ![]() | $393,264.26 | ![]() | |||||||||||||
(D) Outstanding Payahead Balance | ![]() | $0.00 | ![]() | ![]() | $0.00 | ![]() | |||||||||||||
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CREDIT SUISSE FIRST BOSTON | PAGE 4 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2004-3 Owner Trust
04/01/04 through 03/31/05
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SUMMARY OF ACCOUNTS | ![]() | ||||||
XV. RECONCILIATION OF RESERVE ACCOUNT | ![]() | ||||||
(A) Beginning Reserve Account Balance | ![]() | $7,811,396.29 | |||||
(B) Draws | ![]() | 0.00 | |||||
(i) Draw for Servicing Fee | ![]() | 0.00 | |||||
(ii) Draw for Interest | ![]() | 0.00 | |||||
(iii) Draw for Realized Losses | ![]() | 0.00 | |||||
(C) Excess Interest Deposited into the Reserve Account | ![]() | 15,235.42 | |||||
(D) Reserve Account Balance Prior to Release | ![]() | 7,826,631.71 | |||||
(E) Reserve Account Required Amount | ![]() | 7,826,631.71 | |||||
(F) Final Reserve Account Required Amount | ![]() | 7,826,631.71 | |||||
(G) Excess Reserve Account Amount | ![]() | 0.00 | |||||
(H) Ending Reserve Account Balance | ![]() | 7,826,631.71 | |||||
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XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT | ![]() | ||||||
(A) Beginning Yield Supplement Account Balance | ![]() | 6,413,601.55 | |||||
(B) Investment Earnings | ![]() | 52,267.08 | |||||
(C) Investment Earnings Withdraw | ![]() | 52,267.08 | |||||
(D) Additional Yield Supplement Amounts | ![]() | 0.00 | |||||
(E) Yield Supplement Deposit Amount | ![]() | 6,413,601.55 | |||||
(F) Release of Yield Deposit Account Balance to Seller | ![]() | 0.00 | |||||
(G) Ending Yield Supplement Account Balance | ![]() | 0.00 | |||||
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XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY | ![]() | ||||||
(A) Liquidated Contracts | ![]() | ||||||
(i) Liquidation Proceeds | ![]() | $1,732,251.35 | |||||
(ii) Recoveries on Previously Liquidated Contracts | ![]() | 119,724.19 | |||||
(B) Aggregate Net Losses for Collection Period | ![]() | 2,091,868.13 | |||||
(C) Net Loss Rate for Collection Period (annualized) | ![]() | 0.15% | |||||
(D) Cumulative Net Losses for all Periods | ![]() | 0.43% | |||||
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(E) Delinquent Receivables | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(i) 30-59 Days Delinquent | ![]() | 1,010 | ![]() | 2.11 | % | ![]() | $12,618,203.69 | ![]() | 0.99 | % | ||||||||
(ii) 60-89 Days Delinquent | ![]() | 156 | ![]() | 0.33 | % | ![]() | $1,979,517.39 | ![]() | 0.16 | % | ||||||||
(ii) 90 Days or More Delinquent | ![]() | 21 | ![]() | 0.04 | % | ![]() | $313,770.66 | ![]() | 0.02 | % | ||||||||
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XVIII. REPOSSESSION ACTIVITY | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(A) Vehicles Repossessed During Collection Period | ![]() | 32 | ![]() | 0.07 | % | ![]() | $413,921.49 | ![]() | 0.03 | % | ||||||||
(B) Total Accumulated Repossessed Vehicles in Inventory | ![]() | 47 | ![]() | 0.10 | % | ![]() | $616,334.52 | ![]() | 0.05 | % | ||||||||
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XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE | ![]() | |||||
(A) Ratio of Net Losses to the Pool Balance as of Each Collection Period | ![]() | |||||
(i) Second Preceding Collection Period | ![]() | 0.22% | ||||
(ii) Preceding Collection Period | ![]() | 0.45% | ||||
(iii) Current Collection Period | ![]() | 0.43% | ||||
(iv) Three Month Average (Avg(i,ii,iii)) | ![]() | 0.37% | ||||
(B) Ratio of Balance of Contracts Delinquent 60 Days or More to the Outstanding Balance of Receivables. | ![]() | |||||
(i) Second Preceding Collection Period | ![]() | 0.70% | ||||
(ii) Preceding Collection Period | ![]() | 0.55% | ||||
(iii) Current Collection Period | ![]() | 0.47% | ||||
(iv) Three Month Average (Avg(i,ii,iii)) | ![]() | 0.57% | ||||
(C) Loss and Delinquency Trigger Indicator | ![]() | Trigger was not hit. | ||||
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I hereby certify that the servicing report provided is true
and accurate to the best of my knowledge.
By: /s/ John Weisickle
Mr. John Weisickle
Vice President